2 h. ago Hosepipe ban threat widens as UK's biggest water supplier threatens new clampdown

A new heatwave has led to more hosepipe ban threats from water companies desperate to protect dwindling supplies - Thames Water says 'restrictions' will be needed unless there is more rain

Events

3 h. ago Millions of households face hosepipe ban as one of UK’s biggest firms warns supplies are on the brink

The Environment Agency has declared parts of south east England as in a period of ‘Prolonged Dry Weather’ after low rainfall

Events

3 h. ago Thames Water bosses recalled before MPs to face grilling on bonuses and rescue

Ofwat has confirmed that £2.5 million of bonus payments made to 21 senior Thames Water executives in April cannot be clawed back.

Events

24 h. ago Will there be a hosepipe ban in London? Thames Water warns of growing risk

Some parts of the UK are preparing for a ban already, but will this include London?

Events

47 h. ago London's 'super sewer' exec gets £600,000 pay rise whilst Thames Water customers foot the project cost

Thames Water customers are expected to foot the bill for the project through bills increases

Economics

64 h. ago John Fury reveals all about life as gangland enforcer and 'putting boss through table'

John Fury has recalled how he took on a gang boss by putting his head through a glass table in a bid to show he was not intimidated by his fearsome reputation

Events

2 w. ago Janice, 80, limits cups of tea, is scared to flush the loo and has banned baths and hosepipes

Despite dramatically cutting back on her water use, Janice Deas (pictured) has seen her bills rise by as much as 170% since October.

Events

2 w. ago Canadian export agency hit by £350mn loss on loans to Thames Water

Agency said the losses, more than half of what it lent, were ‘part of the reality of doing business’

Economics

2 w. ago Government will not be lenient with Thames Water creditors, suggests Reed

The company’s creditors have asked regulators to go easy over performance targets and fines for environmental failings.

Politics

2 w. ago UK rebuffs Thames Water creditor demands as administration looms

Bondholders’ rescue plan for utility hinges on waivers from regulations and fines, documents show

Politics

3 w. ago Thames Water investors beg Keir Starmer to step in and save debt

Investors of Thames Water are begging Keir Starmer for a bail out as Britain's biggest supplier crumbles under crippling fines and could be facing collapse.

Economics

4 w. ago US private equity giant KKR outbids rival with £1.7bn offer for Assura

Assura said it had reached an agreement on a ‘best and final’ bid led by Kohlberg Kravis Roberts and Stonepeak Partners.

Economics

4 w. ago US private equity giant KKR wins takeover battle for Assura in £1.7bn deal

Assura said it had reached an agreement on a ‘best and final’ bid led by Kohlberg Kravis Roberts and Stonepeak Partners.

Economics

4 w. ago Thames Water LIVE: Thousands of east London homes without water supply

Thames Water has apologised to customers after thousands of households across east London have been left without water including those in Whitechapel, Shoreditch, Spitalfields and Bethnal Green

Society

4 w. ago Put Thames Water into temporary state control, ‘junior’ creditors will argue

£5bn rescue plan would set ‘troubling precedent’, bondholders who face losing all of their money will sayNils Pratley: Thames Water’s creditors are being too greedyBusiness live – latest updatesThames Water should be placed into temporary government control to avoid setting a “deeply troubling precedent”, according to people close to bondholders who face losing all of their money in the latest rescue bid.The struggling utility is under the control of a group of lenders who hold the bulk of its huge £20bn debt pile. Those “senior” creditors on Tuesday revealed details of a last-ditch rescue effort with £5bn in funding, alongside writing off about £6.7bn in debt. Continue reading...

Politics

4 w. ago Put Thames Water into temporary state control, say ‘junior’ creditors

£5bn rescue plan would set ‘deeply troubling precedent’, say bondholders who face losing all of their moneyNils Pratley: Thames Water’s creditors are being too greedyBusiness live – latest updatesThames Water should be placed into temporary government control to avoid setting a “deeply troubling precedent”, according to bondholders who face losing all of their money in the latest rescue bid.The struggling utility is under the control of a group of lenders who hold the bulk of its huge £20bn debt pile. Those “senior” creditors on Tuesday revealed details of a last-ditch rescue effort with £5bn in funding, alongside writing off about £6.7bn in debt. Continue reading...

Politics

4 w. ago Thames Water lenders offer £17 billion rescue deal in return for looser rules

The deal would also see “several billion” pounds’ worth of debt written off

Economics

4 w. ago Creditors table £17bn plan for Thames Water but call for regulatory leniency

The lenders in the utility are proposing to invest another £3 billion in new equity and £2 billion of funding, but also write off billions of debt.

Economics

4 w. ago Thames Water bosses were set for £18.5mn before outcry over bonuses

Creditors have proposed injecting £3bn of equity and taking a 20 per cent writedown on loans in latest rescue plan

Economics